Talisman Mining Ord Shs TLM

Primary Symbol: TLSMF

Metals & Mining Industrial Metals & Minerals

Talisman Mining Limited is an Australia-based mineral development and exploration company. The Company is engaged in the exploration, discovery and development of opportunities in base and precious metals. It has secured tenements in the Cobar/Mineral Hill region in Central New South Wales (NSW) through the grant of its own exploration licenses and through a joint venture agreement. Its projects include Lachlan Base Metal and Copper-Gold Project, Mabel Creek Project and Yarindury Porphyry Copper-Gold Project. Its Lachlan Project encompasses approximately 7,100 square kilometers (km2) land position in the highly prospective Lachlan Fold Belt of central New South Wales. It also has over 1040 km2 of highly prospective tenure in Mabel Creek Project, which is a prospective for iron oxide copper gold (IOCG) deposits and intrusion related rare earth and battery metals mineralization. Yarindury Project is located 30km east of Dubbo in the Macquarie Volcanic Arc of central-western NSW.

OTCPK:TLSMF - Post by User

Talisman Mining Ord Shs > Shorting

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Comment by steam73on May 09, 2012 2:31pm

497 Views

Post# 19890952

RE: Shorting

Stock is at $11.30 today. Even with natural gas prices rising (good run over past five days), we are not seeing any interest in this stock.

Reviewing the technicals, TLM is well below its 50 EMA of $12.50, MACD is bearish, and RSI is close to 30, which is close to being in oversold territory. If there is a question of management, then I would think there are a few players who are looking at the assets of this company and looking for a valuation on them.

This is a stock to look at over the next few months. If a buyout offer comes about, look for the $15-18 range. Some players might already be accumulating shares in TLM to anticipate such a move.

Steam

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